Categories Earnings, Retail

Infographic: Key highlights of Abercrombie & Fitch (ANF) Q1 2020 earnings results

Abercrombie & Fitch Co. (NYSE: ANF) reported its financial results for the quarter ended May 2, 2020, on Thursday before the market opens. The results missed analysts’ expectations.

The company posted a wider loss in the first quarter of 2020 due to the adverse tax impacts related to valuation allowances on deferred tax assets and other tax charges as well as material adverse impacts as a result of the COVID-19 pandemic. The top-line plunged by 34% year-over-year.

Abercrombie & Fitch Q1 2020 sales

With stores reopening in the US and the EMEA regions, the company has experienced sales productivity for reopened stores of about 80% and 60%, respectively, as compared to last year’s levels. The company has seen and may continue to see, material adverse impacts as a result of the COVID-19. The company is providing a detailed outlook for Q2 of FY20 due to the impacts of the pandemic on its operations and on the overall customer demand.

Past Performance

Most Popular

What to look for when CVS Health (CVS) reports Q3 earnings

Healthcare company CVS Health Corporation (NYSE: CVS) is all set to report earnings next week, with Wall Street expecting a mixed outcome. The company has been facing challenges in certain

eBay (EBAY): A few factors that helped drive growth in Q3 2024

Shares of eBay Inc. (NASDAQ: EBAY) stayed green on Friday. The stock has gained 32% year-to-date. The ecommerce leader delivered revenue and earnings growth for the third quarter of 2024,

CVX Earnings: Chevron reports lower revenue and profit for Q3 2024

Energy exploration company Chevron Corporation (NYSE: CVX) on Friday announced third-quarter 2024 financial results, reporting a decline in net profit and revenues. Net income attributable to Chevron Corporation dropped to

Add Comment
Loading...
Cancel
Viewing Highlight
Loading...
Highlight
Close
Top